Posted by Pops1532 on March 13, 2014 at 18:39:12 from (98.227.133.60):
In Reply to: land sales posted by Bob Bancroft on March 13, 2014 at 10:28:40:
It depends on location and whether or not there is a potential for development.
Before the real estate market crashed, rural property with county highway frontage was being divided into 10 acre parcels that sold quickly for $70-$100K. Wooded acreage went up from there. So $7-10K an acre to the sky's the limit. I'm not talking subdivided, roads,and improvements. Just buildable 10 acre parcels with county road frontage.
Wooded land that was farther from town, or wooded land that was not buildable was selling for about the same or slightly more than farm land. People were buying it for hunting.
That was before the economy tanked, not sure what it's doing now.
Recently I've seen wooded land in other areas currently selling in the $4-6K per acre range.
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